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soldier saluting flag The GAO made 3 recommendations based on its evaluation of how the military is lacking in helping servicemembers understand their retirement plan. Employers take note. (Photo: Shutterstock)

The switch to the new blended retirement system for members of the U.S. military saw an effort on the part of the Department of Defense to provide training to soldiers, sailors and airmen and airwomen on its still relatively new Blended Retirement System (BRS).

However, those efforts have been less successful than they could have been, thanks in part to a lack of financial literacy on the part of servicemembers that keeps them from getting the full benefit of such training.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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